kmurray | Community Moderator |
11/14/2013 - 8:38 pm

bizplanmentor | Window Shopper |
11/14/2013 - 5:39 pm

If you are starting a new business you will find better success with loans
using local banks. You will need a formal business plan before you approach a
bank. I would also suggest first taking your business plan to an SBDC
counselor (Small Business Development Center). They can direct you to banks
favorable to start ups. This is all assuming you live in the U.S.

For a list of Intermediaries (entities that handle micro loans) see below.
You will also find lots of direction for the business plan and other startup
issues.

BizResearcher | Window Shopper |
11/13/2013 - 12:47 pm

The answer to your question depends largely on where you live. The most
common lenders are banks, though there are other agencies that may lend as
well. With a bit of research, you should be able to find lenders in your
area.